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Three U.S. oilfield services providers – Halliburton, Schlumberger, and Baker Hughes – have decided to suspend any future investments and operations in Russia following the country’s attack on Ukraine and the widespread sanctions imposed as a result of the war. The attack gave rise to numerous sanctions not only against Russia but also against its... Continue Reading →
(Reuters) - The recent spike and then crash in oil prices can be explained by a combination of medium-term fundamentals, the extra strain caused by the disruption of Russia’s oil exports and a severe lack of liquidity. Most bubbles are fuelled in their early stages by medium-term fundamentals, then a short-term trigger, before the market’s... Continue Reading →
(Reuters) - A $40 a barrel rise and fall in oil prices in March pushed many investors to exit the volatile trade and created the conditions for more wild price swings in the weeks ahead, traders, bankers and analysts said. The Russian invasion of Ukraine has driven many commodity prices to all-time highs, stretching the... Continue Reading →
(Reuters) - Oil steadied above $100 a barrel in a volatile session on Wednesday, as it came under pressure from signs of progress in Russia-Ukraine peace talks and a closely-watched report that cut its forecast of world demand. Ukraine's president said the positions of Ukraine and Russia were sounding more realistic, but time was needed. read... Continue Reading →
(Reuters) - Oil prices dropped to their lowest in almost three weeks on Tuesday as Russia indicated it is in favour of the Iran nuclear deal resuming as soon as possible. Ceasefire talks between Russia and Ukraine further eased fears of supply disruptions and surging COVID-19 cases in China fuelled concerns about slower demand. Brent... Continue Reading →
(Reuters) - Oil prices shed as much as $4 a barrel on Monday, extending last week's decline as diplomatic efforts to end the war in Ukraine geared up and markets braced for higher U.S. interest rates. Brent crude futures were last down by $3.81 or 3.4% at $108.86 a barrel at 0741 GMT on Monday.... Continue Reading →
(Reuters) - Oil prices settled lower on Thursday after a volatile session, a day after its biggest daily dive in two years, as Russia pledged to fulfil contractual obligations and some traders said supply disruption concerns were overdone. Since Russia's Feb. 24 invasion of Ukraine, oil markets have been the most volatile in two years.... Continue Reading →
(Reuters) - Norwegian energy giant Equinor (EQNR.OL) has stopped trading Russian oil as part of its plan to wind down its operations in Russia in the wake of the invasion of Ukraine, Chief Executive Anders Opedal told Reuters on Thursday. Equinor joins other major oil and gas traders including Shell (SHEL.L), BP and France's TotalEnergies(TTEF.PA)in its decision to... Continue Reading →
(Reuters) - The U.S. oil industry and President Joe Biden's administration are clashing over who is to blame for tight energy supplies that have driven up U.S. pump prices to record highs. Big Oil blames the problem on Biden's tighter regulations and push for renewable energy, which it says threaten to constrain output. The White... Continue Reading →
(OE) The UK on Thursday announced sanctions, including a full asset freeze and travel ban, against seven oligarchs including Russian oil company Rosneft's CEO Igor Sechin and Gazprom's CEO Alexey Miller, over the Russian invasion of Ukraine. The UK government said that in an effort to "to isolate Putin and those around him, these oligarchs... Continue Reading →
Brazil Energy Insight 